Tagged: texas state securities board

Texas Sanctions FX and Crypto Dealer FxBitGlobe

The Texas State Securities Board (TSSB) has issued an emergency cease and desist order against FxBitGlobe, a company the Board claims is “trading mostly in falsehoods” for pervading an unlikely cryptocurrency investment program that has pyramid-scheme features. According to the TSSB, FxBitGlobe, “claims to be… Read More

Texas Sanctioned 16 Fraudulent Crypto Offerings in 2018, Including Bitconnect

The latest enforcement report from the Texas State Securities Board states that the regulator issued cease and desist orders against 16 unlicensed crypto ventures soliciting investors in Texas in 2018. The most noteworthy of those ventures is Bitconnect, a massive global crypto Ponzi scheme that accumulated… Read More

Texas Issues Emergency Cease-and-Desist Orders Against My Crypto Mine

  The Texas State Securities Board (TSSB) has issued an emergency cease-and-desist order against an accused serial fraudster, Mark Steven Royer. Mr. Royer is allegedly selling the “My Crypto Mine” project, which bears the features of a pyramid scheme. Earlier this year, Royer and two partners… Read More

Texas State Securities Board Issues Emergency Action Against Crypto Mining Promoters based in Canada & Australia

The Texas State Securities Board has issued an emergency cease and desist order to two ostensible cryptocurrency miners. Yesterday, the C&Ds were placed against Quebec, Canada-based EXY Crypto, and AWS Mining PTY Ltd., based in Sydney, Australia. Texas Securities Commissioner Travis J. Iles issued a statement indicating the… Read More

MassVenture Becomes Texas’ First Equity Crowdfunding Portal for Real Estate

A San Antonio-based startup has become Texas’ first approved equity crowdfunding platform allowing entrepreneurs and investors to participate in the development and ownership of ventures across the state, officials announced. MassVenture allows for all Texas investors – accredited and non-accredited – to gain equity in state-based… Read More

CrowdPay Debuts Crowdfunding Escrow & Payment Services API for Texas-Based Platforms

The new equity crowdfunding rules from the Texas State Securities Board (TSSB) allow online ecommerce sites, also known as Texas crowdfunding platforms, to market private placement memorandums (PPMs) from entrepreneurs, startups and existing businesses seeking funds to expand their operations throughout Texas. Instead of raising large sums of cash from a few… Read More

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